Prospex Oil and Gas raises £650,000 to fund Romanian drilling project

UK-based Prospex Oil and Gas said on Friday it has raised £650,000 (709,175 euro) to fund a drilling project in Suceava county, in northeastern Romania, seenews.com informs. Prospex has raised the sum via an oversubscribed placing of 185.7 million ordinary shares of 0.001 GBP each at a price of 0.35 pence per new ordinary share, the AIM-quoted investment company said in a press release. The net proceeds of the placing will ...

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